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Calculate (1.) the cost of ending inventory and (2.) the cost of goods sold in October using (a.) ast-In, First-Out (LIFO), and (b.) Average Cost. ctober 1 Beginning Inventory October 5 Purchased units October 27 Purchased units 85 units $14.75/unit 130 units $16.00/unit 95 units $17.50/unit The ending inventory on October 31st is 75 units. (a.) Last-In, First-Out (LIFO) (1.) (4 pts) Cost of Ending Inventory (2.) (4 pts) Cost of Goods Sold (b.) Average Cost (1.) (4 pts) Cost of Ending Inventory (2.) (4 pts) Cost of Goods Sold